LONDON (Alliance News) - Fletcher King PLC said Friday its expects to see a similar annual performance compared to the year before.
The property fund manager said it expects pretax profit and revenue for the year ended April 30 to be at a similar level to that of the year before.
For the year to the end of April 30, 2018, pretax profit was GBP274,000, on revenue of GBP3.1 million.
Looking ahead, Fletcher King said that the continued political uncertainty in the UK have continued to impact lettings and sales in the property market.
As a result, the company has found it "increasingly difficult" to assess the likely volume of its transactional business and thus its level of profitability.
"However we believe our strong balance sheet and lack of debt is important in maintaining the company's stability in challenging times," Fletcher King said.
Shares in Fletcher King were down 4.1% at 39.80 pence on Friday.
Fletcher King (FLK)